How often should you execute a trade

The new traders don’t have any clear idea about a
trade execution policy. They simply execute random trades and lose a big
portion of their investment. Unlike them, the pro traders follow a proper
trading strategy and make a decent profit from this market. In order to survive
in the trading industry, you must learn to trade the market with proper risk
exposure. Though there are many ways you can master the art of trading but the
pro traders always prefer quality trade executions.

Making consistent profit in the Forex market is really
easy. You need to follow a proper trading strategy and focus on quality trade
execution. Some of you might ask how often you should execute a trade but there
is no exact answer. However, there are some important parameters which you can
follow to improve your trading edge.

Focus on the trade
setup

The experienced traders in Singapore are extremely
concerned about their trade execution. Even after having a decent amount of
money they never trade a low-quality trade setup. On the contrary, the rookie
traders jump into the retail trading business without even knowing the quality of the
trade setup. Being a new trader you should analyze the higher time frame data
since it will help you to find great trades. Though higher time frame trading
is extremely boring the pro traders always consider the conservative trading
technique to protect their trading capital. Always remember, it’s hard to find
one good trade, so never expect to execute more than two trades in a single
day.

Analyze the market
condition

Being a full-time trader, you must have the best CFD trading account to ensure premium trading account. The elite traders
prefer brokers like Saxo because it allows them to make a profit in the long
run. Once you have access to a high-quality trading environment, you need to
analyze the market variables. Never try to execute any trade based on emotions
or gut feelings. Some of the retail traders often trade the market by using the
signals offered by the experienced traders. Though such an approach might help
you to make some quick profit in the long run, you will have to lose more
trades. Learn to analyze the market conditions so that you can easily find the
best trades.

Selection of the
currency pairs

The professional traders never trade more than eight
pairs. On the contrary, novice traders are always trying their best to find
more trades. They analyze more than ten pairs and make things overly complex.
At the initial stage, you should never analyze more than four currency pairs
and make sure you trade the major pairs. High-frequency trade execution always
increases the risk factors in trading. As a trader, your main duty is to reduce the risk factors. So, chose the selection of your currency
pairs plays a great role in your trading success.

Depends on your
trading strategy

No one can say the exact number of trade you should
execute per day. If you scalp the market, chances are very high you will be
placing more than two trades. If you become a position trader, you will have a
tough time to find one good trade setups. So, it’s very obvious, trading
strategy plays a great role when it comes to the frequency of trades executed
per day. As a new trader, it’s better to avoid using a lower time frame trading
strategy since it increases the risk factors to a great extent. Try to focus on
long term goals and learn a position trading strategy. Regardless of the
quality of the trade setup, you should never execute any trade with more than 3%
risk. Follow a proper money management plan so that you don’t have to blow up
the trading account. If possible, try to learn from the experienced trader
since it will make trading much easier.